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🎩 MxVoid 🎩
@mxvoid
Happy Liquidity Mining claim day, fellow degens! I loaded up this Zora Boost Frame with ~42 free mints. Free mint req: you're following one of my favorite artists in the space. (Hint: she's a glitch-tastic wonder.) Fractal $DEGEN XI https://zora.co/collect/base:0x24832d6390b26d10d3e9b6debdd18b886ae1e234/17/frames
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makeitrad
@makeitrad
We're can I learn about liquidity mining. I'm so lost I need a tutorial for a 3 year old. I read the faq but I'm dumb. 🤗🤣
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🎩 MxVoid 🎩
@mxvoid
Haha. It’s essentially an airdrop reward for putting up some $DEGEN and Base ETH into a liquidity pool for ETH <=> $DEGEN swaps on /uniswap. Here’s the info on the $DEGEN site itself: https://www.degen.tips/liquidity-mining/season3
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makeitrad
@makeitrad
But let's say I throw in 1000 degen how do I calculate the return? There are lots of numbers on that faq. Math ain't my jam. I make pretty pictures 🤣
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🎩 MxVoid 🎩
@mxvoid
The ELI5 version is, if you can park a good chunk of $DEGEN and ETH (say, 20k DEGEN + matching value in ETH), you gain a 0.3% fee for your share in the pool every time a swap between ETH and DEGEN is made, plus a little extra in Liquidity Mining rewards for being part of the pool. @stellabelle, got a better explainer?
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makeitrad
@makeitrad
That makes a little more since. Thank you. Could def use a good YouTube video on this with some hypotheticals for newbies like myself. I'll go searching. Just scarred to believe anything from peeps I don't know. So many scams out there.
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